According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,“ enabling USDC redemption at 1:1 with the U.S. dollar.
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.”
The Silicon Valley Bank collapse on March 10 has sparked fear, uncertainty and doubt across the crypto community.
Bitcoin is trying to sustain above $20,000 and if it succeeds, ETH, MATIC, TON and OKB may witness a strong recovery.
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.
Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar.
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar.
While the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk away with their funds amid the uncertainty.
The prospects of Elon Musk abandoning Dogecoin would be dire for DOGE price in both Bitcoin and USD terms.
Hedera said the March 9 smart contract exploit has not impacted the network or its consensus layer.